NOT LISTED FOR SALE

7 Potomac Dr Unit 7 Basking Ridge, NJ 07920

Estimated Value: $395,000 - $425,418

2 Beds
1 Bath
1,000 Sq Ft
$326/mo HOA Fee

Last Sold July 03, 2019

Last sale price $265,000 $265 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $3,027/month

46 Days on Market

Highlights

  • Private Pool
  • 1 Car Detached Garage
  • Walk-In Closet
  • Cedar Hill Elementary School Rated A
  • Eat-In Kitchen
  • Laundry Room

About This Home

As of July 2019

Madison Village, updated unit features kitchen with granite counter-tops, glass tile back-splash, Samsung SS appliances, recessed lights and tile floor. Full bath has granite-top vanity, with double sinks, shower over tub with glass doors, and hallway linen closet. Samsung washer/dryer in hallway closet. Bright and sunny living room and dining room combo has recessed lights, & sliding door to deck and utility closet. All rooms have crown moldings. Both bedrooms have ceiling fans. Huge basement storage area includes sump pump.DOGS ARE NOT ALLOWED. The complex has a on-site property manager, community center, in-ground pool, kiddy pool, playground, tennis courts and paths. Convenient access to Rt. 78, 278 & shopping. Excellent Basking Ridge schools!

Last Agent to Sell the Property

VIVIAN CORTESE-STRANO

COLDWELL BANKER REALTY Listed on: 04/12/2019

Last Buyer's Agent

EILEEN SERGENT

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,082

Year Built

  • Built in 1994

Lot Details

  • 523

HOA Fees

  • $326 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Common or Shared Parking
  • Garage Door Opener
  • Shared Driveway
  • Assigned Parking

Home Design

  • Vinyl Siding
  • Tile

Interior Spaces

  • 1-Story Property
  • Entrance Foyer
  • Family or Dining Combination
  • Storage Room
  • Wall to Wall Carpet

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Home Security

Outdoor Features

  • Private Pool

Schools

  • Cedar Hill Elementary School
  • W Annin Middle School
  • Ridge High School

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Underground Utilities
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-08701-0000-00386-0000-CONDO

Community Details

Overview

  • Association fees include maintenance-exterior, snow removal, trash collection, maintenance-common area, water fees
  • $326 Other One-Time Fees

Recreation

  • Community Pool
  • Tennis Courts

Pet Policy

  • Cats Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,082

Year Built

Built in 1994

Lot Details

0

HOA Fees

$326 per month

Parking

1

Listing Details

  • Style: One Floor Unit
  • Primary Style: One Floor Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1994
  • Year Built Description: Approximate
  • County Name: Somerset
  • Exclusions: Mirrored Portable Closets in the Basement Storage Room
  • Directions: King George Rd. to Spring Valley Blvd, Spring Ridge entrance to Potomac Drive
  • I D: 4887749
  • Section Subdiv Development: Spring Ridge
  • First Name: VIVIAN
  • First Name3: EILEEN
  • Last Name: CORTESE-STRANO
  • Last Name3: SERGENT
  • Office Phone3: 908-522-8222
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpeting, Tile
  • Appliances: Carbon Monoxide Detector, Range/Oven-Gas, Refrigerator, CookGas, Washer, Dishwasher, Self Cleaning Oven, Dryer, Microwave Oven, Sump Pump
  • Interior Amenities: Carbon Monoxide Detector, Smoke Detector
  • Bedrooms: 2
  • Master Bedroom Desc: 1st Floor, Walk-In Closet
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Description: Full, Unfinished
  • Basement Level Rooms: Storage Room
  • Dining Room Level: First
  • Dining Area: Living/Dining Combo
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 10x08
  • Kitchen Level: First
  • Living Room Dim: 14x13
  • Living Room Level: First
  • Other Room 1: Storage Room
  • Other Room1 Dim: 24x19
  • Other Room1 Level: Basement
  • Other Room 2: Foyer
  • Other Room2 Dim: 10x7
  • Other Room2 Level: First
  • Level 1 Rooms: Laundry Room, 2 Bedrooms, Foyer, LivDinRm, Bath Main, Kitchen
  • Phone: 908-233-5555

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Tennis Courts
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Assigned, Garage Door Opener, Detached Garage
  • Number Garage Spaces: 1
  • Number Parking Spaces: 1
  • Parking Driveway Description: 1 Car Width, Common

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer, Sewer Charge Extra
  • Utilities: All Underground
  • Water: Association, Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Maintenance Fee: 326
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Exterior, Snow Removal, Trash Collection, Maintenance-Common Area, Water Fees

Fee Information

  • Other Fee Freqency: One Time
  • Other Fees: 326

Schools

  • High School: RIDGE
  • Middle Jr High School: W ANNIN

Lot Info

  • Lot Size: MADISON VILLAGE
  • Easement: Unknown
  • Lot I D Tax: *
  • Lot Size Tax: *

Rental Info

  • Application Fee: 979
  • Pets Allowed: CatsOK

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 5082
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-08701-0000-00386-0000-CONDO
  • Tax Rate Amount: 2.005
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2018

MLS Schools

  • Grade School: CEDAR HILL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2019
Closed on
Jun 20, 2019
Sold by
Sharma Deepak and Sharma Johana Pena
Bought by
Connor Evelyn M
Seller's Agent
VIVIAN CORTESE-STRANO
COLDWELL BANKER REALTY
Buyer's Agent
EILEEN SERGENT
COLDWELL BANKER REALTY
List Price
$265,000
Sold Price
$265,000
Current Estimated Value
$413,105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,105
Avg. Annual Appreciation
7.16%

Purchase Details

Closed on
Jul 2, 2009
Sold by
Albright Ellen K and Sturm Martha A
Bought by
Sharma Deepak

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,200
Interest Rate
5.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2008
Sold by
Gonzalez Louise
Bought by
Sturm Werner

Purchase Details

Closed on
May 31, 1994
Sold by
K Hovnanian At Spring Ridge
Bought by
Gonzalez Louis and Gonzales Rose
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Connor Evelyn M $265,000 Nrt Title Agency Llc
Sharma Deepak $239,000 None Available
Sturm Werner $249,450 None Available
Gonzalez Louis $122,404 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sharma Deepak $191,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/03/2019 07/03/19 Sold $265,000 0.0% $265 / Sq Ft
05/28/2019 05/28/19 Pending -- -- --
04/12/2019 04/12/19 For Sale $265,000 -- $265 / Sq Ft
Source: Garden State MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,299 $372,700 $140,000 $232,700
2024 $6,299 $354,100 $124,000 $230,100
2023 $6,214 $329,500 $124,000 $205,500
2022 $5,898 $293,300 $120,000 $173,300
2021 $5,480 $259,700 $120,000 $139,700
2020 $5,319 $254,000 $115,000 $139,000
2019 $5,242 $257,700 $125,000 $132,700
2018 $5,083 $253,500 $123,000 $130,500
2017 $4,935 $248,100 $123,000 $125,100
2016 $4,478 $229,500 $123,000 $106,500
2015 $4,472 $233,400 $120,000 $113,400
2014 $4,381 $226,500 $120,000 $106,500
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2019

    VIVIAN CORTESE-STRANO

    COLDWELL BANKER REALTY

  • E

    Buyer's Agent in 2019

    EILEEN SERGENT

    COLDWELL BANKER REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3547691

Garden State MLS

APN: 02-08701-0000-00386-0000-CONDO

New Jersey Somerset County Basking Ridge 07920

7 Potomac Dr Unit 7, Basking Ridge, NJ

Not Listed for Sale

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